Also, where are insider purchases of the executive team don't see anything meaningful and until then I see no reason to jump in as well. They don't even own more than 2 percent of the shares, pathetic.
Their SAAS product is far away from beining meaningful to revenues and earnings for at least a year why would investors be patient when the comoany will lose another 10mm this and maybe report an increase....also with staples merging that will make it difficult to determine if that business goes away....the SAAS model is to diversify from having such a high concentration of one client but the cost to built it out and the time to grow it will take a long time....I will be a buyer at 1 dollar a share and when SAAS revenues becomes at least 10 to 20 percent of revenues....until then I believe this is dead money.
Thanks for the reply.
1. The cost to run the proxy was mostly from shareholders vs. wise and wise I am sure will be compensated for that through FORD eventually so don't think it was that stressful and time consuming. I am sure the management had issues with him for a while.
2. 20% ownership is like $2 million sock value and the money owed to his Forward China was $5.5 million. Wise practically controls the operational side of the business it just makes to go for control vs. suing and giving the management time to burn all of that money and delay paying the liability out of spite (I have seen this happen before) and maybe worse go bust.
3. I can see how you think I and others see "narrow minded" I am just trying to understand the true motives of Wise. Finally, the company has a website now that was way overdue. Now they have to consolidate the offices, align the managentt structure and start getting more sales if that is the case that should take at least 2 or so more quarters to get fixed with a few more one-time expenses to get it accomplished.
4. I just wished that Wise would come out and say "Forward China liability will not be paid back with existing cash but with cash generated from future profitt". That would make me 100% on board to be long because it lets me know he is fully committed. Yes, there was a previous obligation but a new one could always be altered and I think that would have spoken volumes to shareholders.
5. I hope am wrong about my cynicsm but you can only be so careful with situations like these. I hope you make a bundle. I am long HSON because of you and I think that story just seems better given the how depressed the stock is and Lone Star's involvement. Could Wise be better than Lone Star given he controls so much of the operation....or worse? Only time will tell.
Did you notice that big chunk of liability reduced to Forward China...this is all about making sure he gets his money owed to him...I think this stock will continue to decline and trade lower when there is less cash given they still owe them 4.5 million and.... what do you know the cash is about the same amount....this pop today is fine but read between the lines...
Completely agree with you....that is the missing component in order for me to get long...I think even the CEO sees that the transition of Nexus to gain tracation for a while...
The stock is easily worth 5 to 6 dollars a share just by reaching half of what all the other better competitors are trading at. The company is able to turn around and get a revenue run rate of about 400 to 500,000,000 and profitable with pretty decent margin this could easily go to .4×.5 times sales or about eight to $10 a share
Hey, Who cares about the marketmaker. As long as you build your position at a price that makes sense sooner or later the market or marketmaker or whoever it is will eventually bid up a price to what it should be worth. If you look at the entire industry most of these companies are selling for half time sales or about 10 to 15 times profit. I'm pretty sure Jeff can you try to fix up the business create some profit and try to sell this business for at least .3 times sales given really good companies are selling a .5 times to one time sales. Just by kicking out the management and fixing a few things and positioning the business to be sold to a pure play competitor all shareholders will win.
I own, GameStop stock and options, nln.to, skul, hear (small amount), HSON (small), Trmr and YUME....
Each one has its own reasons but GameStop just think people are counting it out when in reality they are doing very well...neulion is very interesting business and growing but expensive....SKUL I still think it goes higher....hear is small but speculative I am up on it 20 percent in about a week and may trade it but I think cheap you get the headset business for 50 percent off and Hypersound for essentially free, a long dated call option in a future business that has much higher gross margins and much larger growth Proventil than headset business over the long term given patent value.......HSON is actually because of you haha...I don't understand how it is being priced for bankruptcy....TRMR and yume is video ad tech companies also very very cheap and should make a profit this year which should re rate the shares....
I love all of the changes that are coming for this comoany and this could be easily be sold to a larger player within a year....
Best case is that they get 3.6 eps but doubtful,m4 is out of the question. What is really important is guidance for next year, it needs to be at 4 at a minimum. If it is with a range up to 4.50 this thing will move to mid 50's.